Subject: Re: Trump's "fraud" in NY
That what the judge found had happened here. One component of the monetary award is an assessment of the gains that Trump obtained through the fraud:


There was no fraud. Asset management - especially of property - is partially accounting, partially an art form.

Engoron found that Trump lied about the value of his properties, allowing him to obtain lower interest rates on his loans and to obtain loans on development projects that otherwise would not have been given to him had he been truthful about property valuation.

Then every real estate developer across the country is guilty. Sorry, but this judge is a partisan idiot.

Want proof? Here you go:
https://www.cnn.com/2023/10/03...

“From 2011-2021, the Palm Beach County Assessor appraised the market value of Mar-a-Lago at between $18 million and $27.6 million,” Engoron wrote in his ruling.

The judge noted Trump valued Mar-a-Lago at between $426.5 million and $612 million, “an overvaluation of at least 2,300%, compared to the assessor’s appraisal.”

Question for you: Do you think Mar-A-Lago is worth $27.6 million?